Japan reportedly is close to launching $136B of stimulus

01/7/2013 | Bloomberg · Kyodo News (Japan) (subscription required) · Reuters

The Japanese government, headed by Prime Minister Shinzo Abe, is expected to announce Monday $136 billion of fiscal stimulus measures aimed at restoring the contracting economy to growth, according to reports by Japanese news media. Finance Minister Taro Aso has said that the government isn't required to follow a previously adopted 44 trillion-yen cap on the issuance of new bonds.

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Bloomberg · Kyodo News (Japan) (subscription required) · Reuters

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